Economy/Business News Alert: May trade deficit rose to highest level in 31 months

Tuesday, July 12, 2011

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Economy/Business News Alert: May trade deficit rose to highest level in 31 months
July 12, 2011 8:57:20 AM
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The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports.

The Commerce Department said Tuesday that the deficit increased 15.1 percent to $50.2 billion in May. That's the largest imbalance since October 2008.

http://link.email.washingtonpost.com/r/LI37JS/A7Y7WA/PTA2SU/PMXZJ1/WQDSV/1G/h

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